709 Main St Worcester, MA 01610
Downtown Worcester NeighborhoodEstimated payment $14,779/month
Highlights
- Golf Course Community
- 0.33 Acre Lot
- Corner Lot
- Medical Services
- Property is near public transit
- Jogging Path
About This Home
MASSIVE CORNER LOT PACKAGE SALE in Downtown Worcester! Two adjoining corner parcels. 14,200+ SF of land. Offered at just $169 per SF of land. Underwritten at a POWERFUL 11.5% PRO FORMA CAP RATE ACROSS BOTH LOTS. 703–711 Main St is extensively renovated. Street-level retail is occupied on a modified gross lease by an expanding restaurant, thriving mini-mart, and a beloved neighborhood 14-chair barbershop producing $117,600 with clear upside.The entire second floor was COMPLETELY GUT RENOVATED IN 2025. 14 giant bedrooms. 3 kitchens. 3 full baths. 100% new HVAC, plumbing, and electrical. Approved rooming house license in place! Projected residential income of $184,800 annually. This is true income-producing urban infill in the heart of downtown Worcester. Immediate yield. Efficient basis. Long-term redevelopment and density upside. Assets like this almost never come to market. Move quickly.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,459
Year Built
- Built in 1920
Lot Details
- 0.33 Acre Lot
- Corner Lot
Home Design
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 10,668 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 14 Bedrooms
Parking
- 25 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Listing and Financial Details
- Assessor Parcel Number M:03 B:008 L:00002,1763810
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
Additional Features
- 5 Units
- Net Operating Income $15,840
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $1,092,000 | $309,800 | $782,200 |
| 2024 | -- | $904,000 | $309,800 | $594,200 |
| 2023 | $0 | $945,100 | $269,300 | $675,800 |
| 2022 | $0 | $788,900 | $269,300 | $519,600 |
| 2021 | $0 | $605,300 | $147,800 | $457,500 |
| 2020 | $0 | $605,300 | $136,900 | $468,400 |
| 2019 | $0 | $569,100 | $129,400 | $439,700 |
| 2018 | $0 | $572,700 | $129,400 | $443,300 |
| 2017 | $0 | $572,700 | $129,400 | $443,300 |
| 2016 | -- | $537,200 | $95,000 | $442,200 |
| 2015 | -- | $537,200 | $95,000 | $442,200 |
| 2014 | $11,633 | $537,200 | $95,000 | $442,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2025 12/22/25 | For Sale | $2,400,000 | -- | $225 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Not Resolvable | $282,200 | -- | |
| Foreclosure Deed | $315,000 | -- | |
| Deed | -- | -- | |
| Deed | $450,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $298,350 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73463464
APN: WORC-000003-000008-000002
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